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FIN-1.10 - FY 2005-06 Fall Minor Supplemental Budget

FIN-1.10 - FY 2005-06 FALL MINOR SUPPLEMENTAL BUDGET

Binding City Policy

BCP-FIN-1.10

PURPOSE

The Council finds:

1. The City Council has received a memorandum from the Financial Planning
Division of OMF summarizing the recommendations and consequent budget
adjustments to be made during the FY 2005-06 Fall Budget Adjustment Process.

2. The memorandum identified programs, projects, or activities that required
appropriation adjustment or transfer of appropriation within bureau budgets.
Also included were specific actions necessary to adjust various funds in order
to maintain the accuracy of the FY 2005-06 Budget.

3. Exhibit 1, prepared by the Financial Planning Division of OMF, identifies
the details of appropriation adjustments or transfers proposed by the Mayor.
This exhibit also includes budget adjustments that must be made in the form of a
Minor Supplemental Budget in accordance with Local Budget Law, Oregon Revised
Statutes 294.480.

4. Exhibit 2 includes all changes to the City appropriation schedule as a
result of the Fall Budget Adjustment Process and the Minor Supplemental
Budget.

5. Exhibits 3-a and 3-b include two new vehicles requests from the Office of
Transportation.

POLICY

NOW THEREFORE, the Council directs:

a. The FY 2005-06 Budget is hereby amended and the FY 2005-06 Fall Minor
Supplemental Budget is adopted by adjusting certain resources and requirements
in various funds as detailed in Exhibit 1.

b. The actions amending the FY 2005-06 budget contained in this ordinance are
binding City policy.

c. The CityFleet Division of the Bureau of General Services is hereby
authorized to acquire the vehicles as listed in the attached exhibits 3-a and
3-b.